Report 17 – Released on April 29, 2021

he butter price range in Western Europe weakened at the low end. Butteroil prices firmed atthe low end but weakened at the top. Current packaged butter demand is called restrained andslow to develop. Seasonal increases in packaged butter demand are expected in coming weeks. Butter prices are expected to firm in coming months. Even so, not many buyers seem to beaggressively buying very far forward.

Bulk butter buyers are actively shopping around. Finalizing contracts is slowed because manysellers are holding firm for higher prices. Sellers are slow to accept the higher prices.Export volumes are expected to be mostly steady until June. Beginning in July, manufacturersexpect export demand to move higher.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,700 - 5,000


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,000 - 6,225

Information for the period April 19 – 30, 2021, issued biweekly Published by: Dairy Market News – Madison, WI Eric Graf, 608.422.8590 Email: Eric.Graf@usda.gov Additional Dairy Market News Information: Dairy Market News (DMN) by Phone: (608)422-8602 DMN Website: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov